XRP is currently trading at $2.04, reflecting a 2.56% increase over the last 24 hours. The price has oscillated between a high of $2.08 and a low of $1.99 during this period, indicating a tight daily range of just 0.09%, which suggests low volatility.

The trading volume over the past 24 hours stands at approximately $4.12 billion, translating to a volume-to-market cap ratio of 3.36%. This relatively high volume indicates healthy market activity, but the price movement has shown weakness with hourly moving averages trending downward, particularly the 8 SMA at $2.07, which is down 1.32%.

Momentum indicators reveal a mixed outlook, with the 1-hour RSI at 48, indicating a neutral stance, while the 7-day RSI at 47 suggests slight bearish pressure. Additionally, the 7-day price change shows a decline of 8.48%, with even steeper drops of 13.67% over 14 days and 19.05% over 30 days, indicating a longer-term downtrend.

The all-time high for XRP is $3.65, reached on July 18, 2025, which highlights significant potential upside. However, current price action and momentum suggest a lack of immediate bullish catalysts to drive the price towards that historical peak.

Given the current technical indicators, including bearish moving averages and RSI levels indicating neutral to slight bearish momentum, the outlook for XRP is cautious. Therefore, I recommend a Hold rating for XRP at this juncture, as the asset may need further consolidation or bullish catalysts before showing significant upward momentum.